Announced Mon, 29 Jun · 18:02 IST
Board meeting on July 2 to consider FCCB issuance proposal
Board & Shareholder Meetings View source PDF
DAVANGERE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹3.60
prior close
₹3.60
base price
After-mkt
timing
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AI summary
Davangere Sugar Company's board will meet on July 2, 2026 to consider and approve the issuance of Unsecured Foreign Currency Convertible Bonds (FCCBs). Shareholders had already approved the proposal at an EGM on April 24, 2026, and BSE and NSE granted in-principle approval on June 10, 2026. The actual issuance is subject to further regulatory and statutory approvals.
Likely market impact
If approved, the FCCB issuance could dilute equity on conversion and bring in foreign currency funding for the company.